Guideline Value for Ochan street

Ochan street guideline value

The current guideline value of Ochan street in Mannoor village is Rs 250 per sq.ft, effective from the 2024 revision. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Ochan street has changed

Ochan street has undergone several revisions since 2012. The guideline value was Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, marking a decline of 33%. However, it saw a significant increase of 50% to return to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value with no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Ochan street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which is the same as Ochan street's current guideline value.

• Pachiappan Nagar: Rs 250 per sq.ft (2024)
• Nemili Road: Rs 300 per sq.ft (2024)
• Pallikuda Street: Rs 200 per sq.ft (2024)
• Palvadi Street: Rs 200 per sq.ft (2024)
• Muthu Street: Rs 200 per sq.ft (2024)
• Murugan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Ochan street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ochan street?

The Sub Registrar Office that covers Ochan street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mannoor

The guideline value is a crucial factor in property transactions in Mannoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When registering a property, the guideline value helps determine the official value of the property for taxation purposes. This ensures transparency and compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ochan street?

The current guideline value of Ochan street is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Ochan street was Rs 250 per sq.ft in 2012, decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in the 2023 revision, remaining unchanged in 2024.

What is the classification of Ochan street?

Ochan street is classified as Residential Class II Type - I under the Sriperumpudur SRO.

What are the stamp duty and registration fees for properties in Ochan street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.

Where is the Sub Registrar Office for Ochan street located?

The Sub Registrar Office covering Ochan street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.